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Sell and Rent Back - FSA Regulation - a solution

Last post 07 Oct 2009, 11:11 AM by Property-Freedom. 117 replies.
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  •  10 Mar 2009, 7:59 AM 735018 in reply to 734538

    Re: Sell and Rent Back - FSA Regulation - a solution

    alano:

    Hi Jason.

    The FSA's advisor, to whom I spoke, made it clear that one will not be able to advertise SARB unless FSA Regulated - because of the implication that you are able to provide advice and a service.

    I do have a solution for this.  We will be licensing Lead Finders who have registered via our website (finders.buyhouse.co.uk) to advertise the SARB option as a "Nominated Representative of Buy House" (or some similar form of words - required on the advert) provided that you adhere to certain principles, and pass the leads to us for advice and fulfilment.

    Whilst writing, I am proud to announce that this solution is being provided as a joint venture between Paul Leavers (PJT Finance) and my own company (Buy House).   There were some enormous hurdles to jump to enable us to get to this stage of preparedness, not least the financial and manpower means to provide Compliance procedures, security of tenure to clients, and ongoing funding (all are FSA requirements).

    I hope this answers your question, Jason.

    Cheers,
    Alan

     Hi Alan,

    Thats great, i've registered, look forward to hearing from you,

    Jason

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  •  10 Mar 2009, 9:05 PM 735712 in reply to 735018

    Re: Sell and Rent Back - FSA Regulation - a solution

    Alan - That's great news, well done and I've signed myself up.

    Great also that you have partnered with Paul. I owe a lot to Paul's help and advice since I started just 12mths ago and he is one of the most respected and trusted contributers to this industry.

    Must have been hard work coping with the complete regulation overkill!

  •  11 Mar 2009, 8:03 AM 735949 in reply to 735712

    Re: Sell and Rent Back - FSA Regulation - a solution

    Thanks Steve. 

    We'll be emailing you, and everyone else who has registered, login details for lead submission and tracking this morning.

    Best regards,
    Alan


    AlanO
    Ethical FSA Interim-Authorised team
    March Promotion: £2,500 finder fee for SRB and non-SRB leads
    Free FSA licensing solution for SRB finders
    finders.networkhousebuyers.co.uk
  •  11 Mar 2009, 1:31 PM 736169 in reply to 735949

    Re: Sell and Rent Back - FSA Regulation - a solution

    Hi Alan

    Can you give me a call 07919262200.

    Thanks

    Ryan


    Ryan Forbes
    http://www.xpresshousesale.com
    Sell your property fast with Xpress
  •  12 Mar 2009, 9:52 AM 736858 in reply to 736169

    Re: Sell and Rent Back - FSA Regulation - a solution

    Hi Ryan.

    Sorry that I haven't called you yet, every time I pick the phone up I receive an incoming call!   That's why I tend to stick with emails as my primary method of comms, as they can be picked up and put down whenever necessary.

    I'll ask our Sales Manager, Emma, to call you tomorrow (Friday) if that's okay?

    Cheers,
    Alan


    AlanO
    Ethical FSA Interim-Authorised team
    March Promotion: £2,500 finder fee for SRB and non-SRB leads
    Free FSA licensing solution for SRB finders
    finders.networkhousebuyers.co.uk
  •  15 Mar 2009, 9:43 AM 738557 in reply to 736858

    Re: Sell and Rent Back - FSA Regulation - a solution

    Fantastic and Alan and Paul.

    Always seeiing new ways of doing things when roadblocks keep arriving! 

     Jon


    P.S Click here for Free Articles on BMV Investing
  •  15 Mar 2009, 10:32 AM 738562 in reply to 738557

    Re: Sell and Rent Back - FSA Regulation - a solution

    Cheers Jon.  Hope you're well.

    By the way, you don't have to wait until 1st July to send us leads - we're taking leads now in England, Wales and Scotland - and regardless of whether they are SRB or not.  We have a large purchase fund, and can work quickly.

    Best regards,
    Alan


    AlanO
    Ethical FSA Interim-Authorised team
    March Promotion: £2,500 finder fee for SRB and non-SRB leads
    Free FSA licensing solution for SRB finders
    finders.networkhousebuyers.co.uk
  •  30 Mar 2009, 8:29 PM 748644 in reply to 733903

    Re: Sell and Rent Back - FSA Regulation - a solution

    Alan have signed up to your system and am now at the stage of getting leaflets printed. Wanted to order a quantity which would take me past July when theFSA rules come in. Is there specific wording I need to use on the leaflets to show that I am "licensed"??
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